ADI vs ENS: Correlation
Analog Devices (ADI) and EnerSys (ENS) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and ENS?
Across a 3-year window, the weekly returns of ADI and ENS correlate at 0.59, moderate. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. Stretching to 5 years gives 0.55, with an annualized covariance of 579.6 %².
By 3-year correlation, ENS places #29 of the 51 assets tracked against ADI. Their recent paths diverged sharply: over the last 12 months ENS outperformed by 39.3 percentage points (+48.6% for ADI against +87.9% for ENS).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ADI vs ENS: side by side
| ADI (Analog Devices) | ENS (EnerSys) | |
|---|---|---|
| 1-year return | +48.6% | +87.9% |
| 5-year return | +143.1% | +131.9% |
| Volatility (ann.) | 32.6% | 30.1% |
| Beta vs S&P 500 | 1.56 | 1.09 |
| Max drawdown (3Y) | -32.2% | -28.2% |
| Market cap | $181.5B | $6.9B |
| P/E (trailing) | 44.6 | 20.7 |
| Dividend yield | 1.15% | 0.54% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADI | ENS |
|---|---|---|
| 2022 | -4.9% | -5.6% |
| 2023 | +23.4% | +37.9% |
| 2024 | +8.8% | -7.6% |
| 2025 | +29.8% | +60.3% |
| 2026 | +38.9% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADI and ENS good diversifiers for each other?
Only partially. A correlation of 0.59 means ADI and ENS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ADI and ENS?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.56 over the last year and 0.55 over 5 years.
Is ENS a good diversifier for ADI?
Only partially. A correlation of 0.59 means ADI and ENS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adi-vs-ens.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adi-vs-ens/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADI correlations · ENS correlations
